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Section 1

[(ba) " collective investment scheme " means any scheme or arrangement which satisfies the conditions specified in section 11AA;]

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1 [(ba) " collective investment scheme " means any scheme or arrangement which satisfies the conditions specified in section 11AA;] (c) " existing Securities and Exchange Board " means the Securities and Exchange Board of India constituted under the Resolution of the Government of India in the Department of Economic Affairs No. 1(44)SE/86, dated the 12th day of April, 1988; (d) " Fund " means the Fund constituted under section 14;